Application Fees for HUD 232 Loans
Just like other kinds of financing, HUD 232 loans have certain application fees, including a HUD application fee, an FHA inspection fee, and lender application fees. Keep reading below to see the entire list of typical fees for HUD 232 loans.
What are the Typical HUD 232 Loan Fees?
Below is an outline of general fees for HUD 232 loans:
A non-refundable 0.3% HUD Application fee (0.3% of the loan amount)
0.5% FHA inspection fee (paid from loan proceeds)
Lender application fees for due diligence activities and third-party reports
Good faith deposit for commitment and rate lock (between 0.5% and 1% of the loan)
Funds for initial replacement reserves
Standard closing costs